What is the value of m1, Use the figures below to answer

What is the value of m1

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Reference no: EM13971340

Use the figures below to answer the following questions. Numbers are in billions.

Small time deposits = $1014

Money market mutual funds held by businesses = $1190

Savings deposits, including money market deposit accounts = $3649

Money-market mutual funds held by individuals = $744

Checkable deposits = $633

Currency = $743

A) What is the value of M1?

B) What is the value of M2?

Reference no: EM13971340

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